Somewhat Positive News Coverage Somewhat Unlikely to Impact CDK Global (CDK) Stock Price
News articles about CDK Global (NASDAQ:CDK) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CDK Global earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.2427574898148 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
CDK Global (NASDAQ:CDK) traded down $0.69 during trading on Monday, reaching $71.28. 708,900 shares of the company’s stock traded hands, compared to its average volume of 905,973. The stock has a market cap of $9,803.71, a PE ratio of 34.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.75. The company has a debt-to-equity ratio of 297.80, a quick ratio of 2.37 and a current ratio of 2.37. CDK Global has a 12 month low of $58.52 and a 12 month high of $72.25.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The firm had revenue of $565.70 million during the quarter, compared to analysts’ expectations of $569.28 million. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. research analysts predict that CDK Global will post 2.97 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub cut shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Barrington Research set a $75.00 price objective on shares of CDK Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CDK Global has a consensus rating of “Buy” and an average price target of $72.60.
In other news, VP Jennifer A. Williams sold 1,984 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total value of $124,158.72. Following the completion of the sale, the vice president now owns 5,560 shares of the company’s stock, valued at approximately $347,944.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.
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About CDK Global
CDK Global, Inc provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.
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